UXOC vs. QCLN
UXOC (FT Vest U.S. Equity Uncapped Accelerator ETF - October) and QCLN (First Trust NASDAQ Clean Edge Green Energy Index Fund) are both exchange-traded funds - UXOC is a Defined Outcome fund actively managed by First Trust, while QCLN is a Alternative Energy Equities fund tracking the NASDAQ Clean Edge Green Energy. UXOC is actively managed, while QCLN is passively managed. Over the past year, UXOC returned 28.98% vs 120.21% for QCLN. A 0.65 correlation means they provide meaningful diversification when combined. UXOC charges 0.85%/yr vs 0.60%/yr for QCLN.
Performance
UXOC vs. QCLN - Performance Comparison
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Returns By Period
In the year-to-date period, UXOC achieves a 11.39% return, which is significantly lower than QCLN's 52.94% return.
UXOC
- 1D
- -0.73%
- 1M
- 5.74%
- YTD
- 11.39%
- 6M
- 11.16%
- 1Y
- 28.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QCLN
- 1D
- -0.41%
- 1M
- 16.40%
- YTD
- 52.94%
- 6M
- 50.79%
- 1Y
- 120.21%
- 3Y*
- 12.03%
- 5Y*
- 2.16%
- 10Y*
- 17.39%
UXOC vs. QCLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
UXOC FT Vest U.S. Equity Uncapped Accelerator ETF - October | 11.39% | 17.29% | 0.01% |
QCLN First Trust NASDAQ Clean Edge Green Energy Index Fund | 52.94% | 31.81% | 1.64% |
Correlation
The correlation between UXOC and QCLN is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2024 | 0.65 |
The correlation between UXOC and QCLN has been stable across timeframes, ranging from 0.65 to 0.65 - a consistent structural relationship.
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Return for Risk
UXOC vs. QCLN — Risk / Return Rank
UXOC
QCLN
UXOC vs. QCLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Vest U.S. Equity Uncapped Accelerator ETF - October (UXOC) and First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| UXOC | QCLN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.48 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.97 | 7.62 | -4.66 |
| Martin ratioReturn relative to average drawdown | 12.98 | 26.28 | -13.30 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| UXOC | QCLN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.20 | 3.49 | -1.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.06 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.50 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.01 | 0.20 | +0.81 |
Drawdowns
UXOC vs. QCLN - Drawdown Comparison
The maximum UXOC drawdown since its inception was -19.93%, smaller than the maximum QCLN drawdown of -76.18%. Use the drawdown chart below to compare losses from any high point for UXOC and QCLN.
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Drawdown Indicators
| UXOC | QCLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.93% | -76.18% | +56.25% |
Max Drawdown (1Y)Largest decline over 1 year | -9.81% | -15.86% | +6.05% |
Max Drawdown (3Y)Largest decline over 3 years | — | -56.08% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -69.49% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -71.73% | — |
Current DrawdownCurrent decline from peak | -0.73% | -20.99% | +20.26% |
Average DrawdownAverage peak-to-trough decline | -2.74% | -43.45% | +40.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.24% | 4.59% | -2.35% |
Volatility
UXOC vs. QCLN - Volatility Comparison
The current volatility for FT Vest U.S. Equity Uncapped Accelerator ETF - October (UXOC) is 3.36%, while First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) has a volatility of 12.56%. This indicates that UXOC experiences smaller price fluctuations and is considered to be less risky than QCLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UXOC | QCLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.36% | 12.56% | -9.20% |
Volatility (6M)Calculated over the trailing 6-month period | 9.90% | 26.02% | -16.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.24% | 34.88% | -21.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.96% | 37.97% | -20.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.96% | 34.91% | -16.95% |
UXOC vs. QCLN - Expense Ratio Comparison
UXOC has a 0.85% expense ratio, which is higher than QCLN's 0.60% expense ratio.
Dividends
UXOC vs. QCLN - Dividend Comparison
UXOC has not paid dividends to shareholders, while QCLN's dividend yield for the trailing twelve months is around 0.15%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QCLN First Trust NASDAQ Clean Edge Green Energy Index Fund | 0.15% | 0.25% | 0.87% | 0.76% | 0.33% | 0.01% | 0.30% | 0.85% | 1.03% | 0.45% | 1.24% | 0.72% |
UXOC FT Vest U.S. Equity Uncapped Accelerator ETF - October | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
UXOC and QCLN have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QCLN has higher volatility (12.56%) compared to UXOC (3.36%). In terms of maximum drawdown, UXOC dropped -19.93% vs QCLN's -76.18%.
On 1-year performance, QCLN leads with 120.21% vs 28.98% for UXOC. On fees, QCLN is cheaper at 0.60% per year. On volatility, UXOC has been the lower-risk option at 3.36%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, QCLN has performed better with a 120.21% return vs 28.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QCLN is cheaper with a 0.60% expense ratio, compared with 0.85% for UXOC.
QCLN has the higher dividend yield at 0.15%, compared with 0.00% for UXOC.
UXOC is categorized as Defined Outcome, while QCLN is Alternative Energy Equities. Their fees differ too: 0.85% for UXOC and 0.60% for QCLN.
QCLN currently has the higher Sharpe Ratio (3.49 vs 2.20), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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